INVL Group to buy out remaining shares in Mundus, a private debt fund manager

INVL, the leading investment management and life insurance group in the Baltics, has signed an agreement to acquire the remaining shares in Mundus, an asset management company managing a private debt fund. The shares will be purchased from Mundus partners Audrius Mozūras and Martynas Grikinis.

“We appreciate the work of Mundus partners and the entire team in the private debt market, and we are moving into a new phase of the company’s development. Following the transaction, private debt will become one of INVL Group’s strategic asset classes”, says Vytautas Plunksnis, Head of Private Equity at INVL Group.

According to Mundus partner M. Grikinis, this consolidation is an organic and welcome step, which will undoubtedly provide even more opportunities for value creation for existing and future investors of Mundus managed investment fund in the private debt asset class.

INVL Asset Management, a company of the INVL Group, that signed the agreement to acquire the remaining shares, currently holds 51% of the shares in Mundus, which manages the private debt fund Mundus Bridge Finance. Mr Mozūras and Mr Grikinis each own 24.5% of Mundus.

The transaction will be completed after obtaining the approvals of the relevant authorities.

The management of Mundus changes as well. Following the approval of the Bank of Lithuania, Viktorija Vaitkevičienė, who was previously a director of the venture capital fund CoInvest Capital, will become the CEO of this asset management company….